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Full Report Description @
The power tools are primarily used in construction and manufacturing
industries. The ongoing infrastructure development in emerging
economies such as India and China is aiding to the growth of this
market. Furthermore, the rising concept of urbanization and
modernization is also driving the power tools market. India is one of
the emerging nations currently undergoing massive urban development
as per their smart cities project. In addition, concept of Do It
Yourself (DIY) is also supporting the market and helps them to cater
residential sector. Furthermore, the availability power tools over
various distribution channels and especially on e-commerce websites
easily also supports DIY market. Therefore growing idea of DIY is
acting as a driver for the power tools market.
The four major application segments of the global power tools market
are electronics, aerospace, construction, and automobiles. Of these,
the construction industry relies heavily on the advancements in
technology made in the global power tools market. Optimized power
tools allow for a faster rate of construction and infrastructure
buildup, therefore accelerating the rate of industrialization of any
region. This is especially applicable to the developing economies of
today. With countries such as China, India, Ireland, and Brazil
showing a fast pace in construction and development, the global power
tools market is seen to benefit from the high demand shown by these
regions.
In terms of non-major applications, the global power tools market is
also driven by the growing do-it-yourself culture across the world.
Originally strong in developed nations in Europe and North America,
the DIY trend is currently spreading to other parts of the world,
prompting an increase in the demand from the global power tools
market.
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This report projection has been provided in terms of revenue (USD
Million) from 2015 to 2021. Furthermore, the drivers and the
restraints affecting the power tools market over the forecast period
have also been covered in the study. In addition, the opportunities
that are expected to help the market in future have also been
discussed.
The power tools industry has been divided into three categories: by
technology, by application and by geography. In terms of technology,
the market has been further segmented into electric power tools,
engine driven power tools, pneumatic power tools, powder-actuated
power tools and hydraulic power tools. By application, the market has
been segregated into automobile, construction, aerospace and
electronic application. Furthermore, the market has been segregated
geographically into four regions: North America, Europe, Asia Pacific
and Rest of the world. Each of these segments has been analyzed in
terms of revenue (USD Million).
In order to get a better understanding of the power tools market, a
key trends analysis has been included for all the segments. In
addition, for a better understanding the market, the market
attractiveness for the application segment has been provided.
Furthermore, the market share of the key players in the power tools
market has also been discussed in terms of market share revenue held
globally.
In addition, the report also profiles the key players in the market
on the basis of company overview, financial overview, business
segments, key developments and the business strategies adopted by
them with respect to the power tools market. . The major player
profiles in the market include Robert Bosch GmbH (Germany), Stanley,
Black & Decker, Inc. (U.S.), Emerson Electric Co.(U.K.), Makita
Corporation (Japan), Actuant Corporation (U.S.), SKF (Sweden),
Techtronic Industries (China), Hilti Corporation (Germany), Danaher
Corporation (U.S.) and Hitachi Koki Ltd (Japan).
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